Can I retire at age 59 with 2,110,000?

Use the below retirement simulation to view the chances of a successful retirement.
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $2,110,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$174,242$172,690$171,176$169,698$168,254$164,521
2 years$86,258$84,652$83,095$81,585$80,121$76,379
3 years$56,934$55,321$53,768$52,273$50,832$47,199
4 years$42,275$40,667$39,129$37,659$36,254$32,757
5 years$33,482$31,883$30,366$28,926$27,560$24,209
6 years$27,622$26,035$24,540$23,132$21,807$18,606
7 years$23,438$21,864$20,393$19,018$17,735$14,684
8 years$20,301$18,742$17,295$15,954$14,713$11,811
9 years$17,862$16,318$14,896$13,589$12,390$9,635
10 years$15,913$14,383$12,987$11,714$10,557$7,946
11 years$14,319$12,805$11,433$10,195$9,080$6,609
12 years$12,991$11,493$10,147$8,942$7,868$5,534
13 years$11,869$10,386$9,065$7,895$6,861$4,660
14 years$10,908$9,441$8,145$7,008$6,014$3,941
15 years$10,076$8,624$7,354$6,250$5,296$3,346
16 years$9,348$7,913$6,668$5,596$4,680$2,849
17 years$8,707$7,287$6,067$5,028$4,150$2,433
18 years$8,137$6,734$5,539$4,531$3,690$2,081
19 years$7,629$6,241$5,070$4,094$3,289$1,784
20 years$7,171$5,799$4,653$3,708$2,938$1,531
21 years$6,758$5,402$4,280$3,365$2,629$1,316
22 years$6,383$5,042$3,945$3,060$2,356$1,133
23 years$6,041$4,716$3,642$2,787$2,115$976
24 years$5,728$4,419$3,369$2,542$1,901$841
25 years$5,440$4,147$3,120$2,321$1,711$726
26 years$5,175$3,897$2,894$2,122$1,541$627
27 years$4,930$3,668$2,687$1,943$1,389$541
28 years$4,703$3,456$2,498$1,780$1,254$468
29 years$4,492$3,260$2,324$1,632$1,132$404
30 years$4,295$3,079$2,165$1,498$1,023$350
31 years$4,111$2,911$2,019$1,376$925$302
32 years$3,940$2,754$1,883$1,264$837$262
33 years$3,779$2,608$1,758$1,163$757$226
34 years$3,627$2,472$1,643$1,070$685$196
35 years$3,485$2,345$1,536$985$621$170
36 years$3,351$2,225$1,437$907$562$147
37 years$3,225$2,114$1,345$836$510$127
38 years$3,105$2,009$1,260$770$462$110
39 years$2,992$1,910$1,180$710$419$95
40 years$2,885$1,817$1,106$655$380$83
41 years$2,783$1,730$1,037$604$345$72
42 years$2,686$1,647$973$558$313$62
43 years$2,594$1,570$913$515$284$54
44 years$2,507$1,496$857$475$258$47
45 years$2,424$1,427$805$439$234$40
46 years$2,344$1,361$756$406$212$35
47 years$2,268$1,299$710$375$193$30
48 years$2,196$1,240$667$346$175$26
49 years$2,126$1,184$627$320$159$23
50 years$2,060$1,131$590$296$145$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $2,110,000, adding $4,781 every year, while hoping to spend $56,898 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 59/34/7 Blend
58$2,110,000$2,110,000$2,110,000$2,110,000
59$2,330,152$2,218,322$2,185,617$2,463,932
60$2,507,288$2,266,480$2,198,296$2,602,381
61$2,700,585$2,315,092$2,209,493$2,746,358
62$2,911,632$2,364,118$2,219,098$2,901,913
63$3,142,176$2,413,518$2,226,995$3,070,159
64$3,394,143$2,463,245$2,233,065$3,252,323
65$3,669,652$2,513,251$2,237,178$3,449,757
66$3,971,036$2,563,479$2,239,203$3,663,948
67$4,300,864$2,613,872$2,238,999$3,896,536
68$4,661,965$2,664,365$2,236,418$4,149,326
69$5,057,454$2,714,887$2,231,307$4,424,309
70$5,490,763$2,765,365$2,223,504$4,723,675
71$5,965,668$2,815,715$2,212,839$5,049,842
72$6,486,332$2,865,851$2,199,134$5,405,469
73$7,057,336$2,915,676$2,182,204$5,793,489
74$7,683,729$2,965,088$2,161,852$6,217,135
75$8,371,070$3,013,978$2,137,875$6,679,966
76$9,125,483$3,062,227$2,110,058$7,185,907
77$9,953,714$3,109,709$2,078,177$7,739,282
78$10,863,194$3,156,285$2,041,996$8,344,858
79$11,862,108$3,201,811$2,001,272$9,007,887
80$12,959,474$3,246,131$1,955,745$9,734,158
81$14,165,225$3,289,076$1,905,147$10,530,050
82$15,490,305$3,330,468$1,849,197$11,402,595
83$16,946,770$3,370,115$1,787,599$12,359,543
84$18,547,903$3,407,813$1,720,046$13,409,434
85$20,308,338$3,443,344$1,646,216$14,561,683
86$22,244,196$3,476,476$1,565,772$15,826,664
87$24,373,240$3,506,960$1,478,361$17,215,812
88$26,715,041$3,534,531$1,383,617$18,741,733
89$29,291,161$3,558,909$1,281,155$20,418,317
90$32,125,358$3,579,795$1,170,572$22,260,875
91$35,243,808$3,596,868$1,051,449$24,286,283
92$38,675,352$3,609,790$923,348$26,513,141
93$42,451,769$3,618,201$785,812$28,961,949
94$46,608,074$3,621,717$638,360$31,655,302
95$51,182,848$3,619,931$480,496$34,618,104
96$56,218,602$3,612,411$311,696$37,877,804
97$61,762,179$3,598,699$131,418$41,464,655
98$67,865,193$3,578,307$0$45,412,002
99$74,584,518$3,550,720$0$49,761,150
100$81,982,822$3,515,388$0$54,558,821